A merger of inconvenience Industry: But it did not help much as rationalisation, labour unrest and cultural mismatch followed soon. Cultural differences apart, there was another major problem. When Corus was formed out of the merger, heavy investments were made in the Dutch side of the operations.
Sep 12, Hi, everyone! According to me, MNC jobs are good but they won't give any kind of comforts we expect, but whereas our Indian companies provide a lot of facilities like giving quarters to live, pensions after retirements, annual parties and tours etc. But whereas in MNC they just pay the good salary with a lot of hardworking and contribution from us.
In other words, they even instruct us to move out of the company thereby no secure in a job. Hence Indian companies are much better than MNC. I can't deny the fact that MNCs are better than Indian companies. But I would like to add that if there is political corruption in Indian companies then MNCs is also not an exception in this aspect.
Here is also cut-throat competition for the higher post and package and yes, the ultimate goal is to go 0ff-shore. What restricts the Indian companies. Again we Indians are responsible. So the need of an hour. Is collectively organized efforts to shine our Indian companies by taking a valuable lesson from MNCs.
Which we consider far better than Indian ones. Sep 9, My feeling is that MNC's are not superior to Indian companies but I also don't say that Indian companies are superior in fact I say that we are making MNC's superior and moreover holidays are more given by Indian companies and working hours are also suitable for Indian fellows.
Sep 9, Compare to Indian companies is more enough to other because Indian companies not have more income to ours. Wheresas MNCs don't have such facilities and in these companies we don't have job security.
But one thing is true that as long as we are skilled and updated for this new generation we will survive in MNCs. Thank you for your patience. There are many MNC that is also started from a small startup company in India then after they became large.
Sep 4, MNCs are not superior to Indian companies they are only to make a profit of their own Indian companies have a big contribution to India's economy.
Most important is that we engineers make MNCs superior by working in the companies just because we get more money there but the fact is that even in Indian companies we get nice to pay with good facilities. Aug 27, Hi, to all. I am supporting the MNCs are superior to Indian companies but who make them superior?
So that our economy is better as compared to MNCs. Aug 23, MNCs are not superior to Indian companies. Because MNCs doesn't work in an eco-friendly manner.
And MNCs only work for the profit motive.Apr 15, · Tata Corus - A deal from hell April 15, IST The $ billion Corus acquisition-the biggest global acquisition made by an Indian company-ended up as a millstone around Tata Steel's neck, points out Indrajit Gupta.
The final deal valued Corus at pence per common share which was 67% higher than the price of Corus before the deal was announced.
It was an all cash deal and financing was done by a mixture of debt and equity. Upcoming Bids Due. Tue, Nov 13; Agriculture and Food (3) Building Materials (2) Chemicals, Minerals, Fertilizers and Plastics (1) Commercial Equipment (4).
As it turned out, the $ billion Corus acquisition—the biggest global acquisition made by an Indian company—ended up as a millstone around Tata Steel’s neck.
And it remains a case study of on how not to craft on a global M&A strategy. It would take 1, steel drinks cans stacked end to end to reach the top of the London Eye, or 2, to attain the summit of the Eiffel Tower.
Such references to famous European landmarks used to. Outbound M&A means, the Companies which has origin in India making an initiative in investments in the foreign based companies. A major landmark was booked by Tata Steel Limited by acquiring the UK based Anglo-Dutch company, Corus Group for a whopping amount of $ billion.
For the deal $1 billion was loaned out by SBI in just 5 minutes.